Ruidoso Downs, NM

Population

Ruidoso Downs has a population of 2,674 people,
according to the Census data for 2016. Compared to 2010, this number has
decreased by 141 people (5%), so we
can confidently say that the dynamics of
the population
growth are negative. If you compare the rate of population growth with the nearest cities, such
as Tularosa or Seagraves, you will find that these cities
have a
population growth of 72 and a growth of 189 people, respectively (2.5%
and 7.8% correspondingly)

Race and Ethnicity

Median Household Income

The Ruidoso Downs median household income is $25,653 (according to the US Census Bureau records for 2016 ).
A household income is one of the easiest to understand statistical indicators that is used to evaluate the economy of the city.
Simply put, it is calculated by summarizing incomes of all adult members of the household.
In comparison with the data for year 2010, this figure has decreased by $6174 (19.4%).
Compared with the neighboring cities, the median household income in Ruidoso Downs is lower than in Deming ($25,844),
but greater than in Chaparral ($25,185).
The median household income in New Mexico is $44,963 (75.3% higher than in Ruidoso Downs)

Median Property Value

The median property value in Ruidoso Downs is $111,600 (based on US Census Bureau data
for 2016).
This means that half of the houses in the city are more expensive than this figure, and half of other houses are less.
In 2010, the property value was estimated at $116,500 (making a decrease of $4,900 or 4.2% in 6 years).
Here is what the housing market looks like in nearby cities: median property price in Las Vegas is
$113,000, in Alamogordo — $109,200.
Median property value in New Mexico is $160,300

Poverty Rate

A poverty rate is one of the key economic indicators. It shows the proportion of the population whose income
is less than the poverty line in the area. The lower the number is, the more prosperous the life of society is.
The current poverty rate in Ruidoso Downs is 33.9%. In the neighboring cities,
this figure is as follows: in Sunland Park, 36.0% of the
population live below the poverty line, in Tornillo — 32.0%.
The poverty rate in New Mexico is 15.94%. Based on such indicators as the poverty rate, we assume that
life in Ruidoso Downs is worse than the average for the state.

Median Gross Rent

The median gross rent in Ruidoso Downs is $552 a month (as of 2016).
In 2010, this figure was higher — $663/mo
(+16.7%).
Please note, gross rent may include not only the rent payments, but also utility bills and some other building costs.
The median gross rent in the state of New Mexico is higher at
$777 per month (again, data for 2016).
The following median gross rent was registered in the neighboring cities: renters in Anthony pay
$560/mo, in Deming — $546/mo.

Rent Burden

The rent burden in Ruidoso Downs is 32.7% (2016).
Rent burden shows what proportion of the household income is spent on rental housing. This data is useful in estimating
the housing affordability in the city. Rent burden in Ruidoso Downs is higher than in the state of New Mexico,
where the rent burden is 30.7%. In neighboring cities, the situation is as follows:
rent burden is 33.4% in Taos,
and in Ranchos de Taos — 32.4%.

Share of Renter-Occupied Housing

46.4% of housing units in Ruidoso Downs are occupied by renters (2016).
A housing unit means a house, an apartment, a mobile home, a room or any other structure that is used for habitation.
In 2010, the share of renter-occupied housing units was lower — 42.4%.
It seems that now more people live in rented houses in Ruidoso Downs than before.
Neighboring cities have the following shares of renter-occupied housing units: Portales (48.7%), Bovina (45.6%).

Renter Occupied Households

There are 401 renter occupied households in Ruidoso Downs (2014).
This is just a rough estimation based on Census and ESRI demographic data. Since 2013, the number of such type of households has
decreased by -0% (401 households
in 2014 vs. 402 in 2013).
Nearby cities have the following renter-occupied housing unit numbers: there are 419 households in Denver City, 397 units in Anthony.

Evictions

There were 14 evictions reported
in Ruidoso Downs in 2014.
Here are how many evictions were made in nearby cities in 2014 : 14 evictions from housing were made in Los Ranchos de Albuquerque, 9 in Chaparral.
Reasons for evictions can be different-code violations, violations of the terms of the lease, etc. But often the main reason is the failure to pay the rent on time. That is why a large
number of evictions (especially when there is a tendency to increase this number) may indicate a deterioration of the economy.

Eviction Filings

The total number of eviction cases that were registered in the Ruidoso Downs in 2014 is 14.42.
Please note that some addresses may have multiple eviction cases during the year. Compared to the neighboring cities, Ruidoso Downs has less eviction cases than San Elizario
(24.06 filings in 2014),
more eviction cases than Canutillo
(11.99 filings).

All Addresses

Sources and Citations

This research uses data from The Eviction Lab at Princeton University, a project directed by Matthew Desmond and designed by Ashley Gromis, Lavar Edmonds, James Hendrickson, Katie
Krywokulski, Lillian Leung, and Adam Porton. The Eviction Lab is funded by the JPB, Gates, and Ford Foundations as well as the Chan Zuckerberg Initiative. More information is found at evictionlab.org

ClustrMaps.com

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